Risk factors

Pinnacle West Capital (PNW) risk factors

Item 1A of every Pinnacle West Capital Corp. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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  • FY2025 10-K risk factors
    26 risks1 new4 dropped10 reworded

    APS added climate litigation and GHG emission regulation risks.

    Filed Feb 25, 2026
  • FY2024 10-K risk factors
    29 risks

    Pinnacle West operates in a highly regulated utility environment driven by APS rate recovery and environmental mandates.

    Filed Feb 25, 2025